Averages over 70% (Asia-Oceania & Oceania-Asia) and 80% (Asia-North America West Coast) On-Time Performance based on 12-month data from Sea-Intelligence Swire Shipping, a leading shipping company in the Asia-Pacific, reaffirmed its commitment to the region as the most reliable carrier in Asia-Oceania and on the Asia to North America West Coast (NAW...

Conveniently located in the central business area, the new premise will enable Swire Shipping to be closer to its customers, partners and the community Swire Shipping has announced its move to a new office location in the central business area, at Gordons Business Centre, commemorating this milestone with a celebration attended by over 70 guests compri...

Prime Minister Hon. James Marape has provided assurances on the K1.4 billion (approximately A$580 million) loan from the Australian Government, stating that it is well within Papua New Guinea’s 2024 Budget framework and does not increase the country’s debt burden beyond planned fiscal targets. Speaking at the NASFUND FM100 Talkback Show launch, PM Mara...

Prime Minister Hon. James Marape has reaffirmed his administration’s unwavering commitment to strengthening the Independent Commission Against Corruption (ICAC) as a key pillar in the fight against corruption. The Prime Minister emphasised that ICAC will be fully empowered with the necessary resources, legal backing, and institutional support to fulfill i...

Mayur Resources Limited is pleased to announce the execution of definitive agreements with Pacific Unison Holdings Limited  for the construction and operation of the Orokolo Bay Industrial Sands Project, located in Gulf Province, Papua New Guinea. The execution of these agreements follows the previously announced terms sheet signed in December 20241 an...

“There will be no riverine disposal by the Frieda River Copper-Gold Project (FRCGP).” This clarification comes from Phil McCormack, Project Director of Frieda River Limited (FRL), a part of PanAust Limited. Phil made the clarification to help the public understand the design of the proposed copper-gold development. “Frieda River Copper-Gold Project ...

Steamships Trading Company (Steamships) and Laba Holdings Limited (Laba) are pleased to announce the formal establishment of Hebamo Transport Limited (HTL), a dedicated landside logistics company specialising in project cargo and heavy transport. This milestone follows 14 months of collaboration since the signing of a Memorandum of Understanding (MOU) ...

The recent announcements of significant resource development projects in Papua New Guinea are promising for the nation’s economic future. However, the success of these projects—and the prosperity of PNG businesses—relies on a healthy, productive workforce. While foreign investors and project operators are required to employ local workers, only PNG busines...

The PNG Chamber of Resources & Energy (PNG CORE) has made a contribution to Efogi Adventist Primary School to help enhance students' educational experience. The donation, handed over on Monday, February 10, 2025, includes books such as "The Crocodile Prize," "Hunting for Minerals and Oil," "It's a Gold Mine," and guides on starting a business for b...

Prime Minister Hon. James Marape has reaffirmed his government’s commitment to strengthening superannuation and voluntary savings for Papua New Guineans, announcing key reforms aimed at ensuring financial security for retirees. Speaking at the NASFUND FM100 Talkback Show launch on Monday, Prime Minister Marape emphasised the importance of saving for li...

Prime Minister Hon. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, th...

Whilst there is potential for growth and opportunities within Papua New Guinea’s mineral petroleum and energy sectors, security challenges remain a cause for concern, particularly in certain regions of the country. This is according to the Papua New Guinea Chamber of Resources & Energy (PNG CORE), when presenting at the recent Business Council of P...

Prime Minister James Marape has announced a bold tax reform strategy aimed at fostering investment, increasing consumer spending, and driving local industry growth. The reforms will take effect once Papua New Guinea’s economy reaches a K150 billion milestone, a target expected to be achieved within the next three to four years. He announced this at the Ba...

Prime Minister Hon. James Marape recently addressed the annual Back to Business Breakfast, reaffirming his government’s commitment to economic growth, business sector stability, and national security as Papua New Guinea approaches its 50th anniversary of independence. In his fifth consecutive appearance at the prestigious event, organised by the PNG Bu...

Prime Minister James Marape on Tuesday, February 4, 2025, held a high-level meeting with senior officials from the World Bank, including Country Director for Papua New Guinea and the Pacific Islands Stephen Ndegwa, PNG Country Manager Khwima Nthara, and Lead Economist for Education in East Asia and the Pacific Lars Sondergaard. Also in attendance were Tre...

Ok Tedi Mining Limited (OTML) hosted six geoscience students from the University of Papua New Guinea’s School of Earth Sciences, who undertook an intensive eight-week Industrial Training Program with the company’s Operations (Mining) Business Unit. The trainees were immersed in hands-on learning with different departments and sections such as Explorati...